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182 new news items in the last 24 hours
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  2. Current Affairs

Lukoil-Petrotel: the Romanian state will not take over the refinery and will oversee the sale

Emese Grancsa
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19 November 2025, 13:59
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The Romanian state has decided not to take over the Lukoil-Petrotel refinery due to the lack of an immediate cash flow of approximately 200 million euros needed for its operationalization. Instead, the authorities will split the process into two stages: the first measure aims to put the refinery up for sale, with a normative act expected to be adopted by November 21, considering its strategic importance, which ensures 20% of the national fuel needs. The second stage will include the sale of the network of approximately 300 gas stations, with a second normative act planned for December 13.

The decision comes against the backdrop of sanctions imposed by the U.S. Treasury on Lukoil, which obliges the company to sell its international assets by the end of November. Romanian authorities have emphasized the need for state intervention to maintain market stability and the continuity of fuel supply. Former President Traian Băsescu warned about the risks of taking over the refinery, highlighting the high operating costs.

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Digi24
Surse: Statul nu va mai prelua rafinăria Lukoil. Procedura va fi împărțită în două etape, cu primele decizii până pe 21 noiembrie
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Observator news
Statul nu va mai prelua administrarea specială a rafinăriei Petrotel și a benzinăriilor Lukoil: Nu are bani
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BZI
România renunță la preluarea Lukoil. Guvernul forțează vânzarea rapidă a rafinăriei și a celor 300 de stații

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NEWS ON THE SAME TOPICS

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Economy
Petrotel Lukoil refinery announces its entry into insolvency to protect its operations
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Petrotel Lukoil refinery has entered insolvency, having current debts of over 936 million lei and 225.5 million euros to the majority shareholder, Litasco.
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The Prahova Tribunal has decided to open insolvency proceedings for Petrotel Lukoil
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International
The United Kingdom has extended the license for the activities of Lukoil's subsidiaries in Bulgaria.
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Ilie Bolojan stated that the state cannot control the rise in fuel prices due to international factors.
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Romania intends to exercise the right of preemption for the gas from the Neptun Deep offshore perimeter, seeking funding to acquire them.
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Lukoil refineries USA Romania

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